13D Filings
Firsthand Technology Value Fund, Inc.
SVVC
Amendment
Ownership

29.40%

Total Shares

2,029,829

Issuer CIK

1495584

CUSIP

33766Y100

Event Date

Mar 20, 2025

Accepted

Mar 21, 2025, 07:37 PM

Reporting Persons (6)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
STAR EQUITY FUND, LP
Partnership
29.40%2,029,8292,029,8290
STAR EQUITY FUND GP, LLC
Other
29.40%2,029,8292,029,8290
STAR INVESTMENT MANAGEMENT, LLC
Other
29.40%2,029,8292,029,8290
STAR EQUITY HOLDINGS, INC.
CO
29.40%2,029,8292,029,8290
JEFFREY E. EBERWEIN
Holding Company
29.40%2,029,8292,029,8290
STAR VALUE, LLC
Other
29.40%2,029,8292,029,8290
Disclosure Items (3)

Security Title

Common Stock, par value $0.001 per share

Issuer Name

Firsthand Technology Value Fund, Inc.

Issuer Address

150 Almaden Blvd., Suite 1250, San Jose, CA, 95113

Item 4 is hereby amended to add the following: On March 21, 2025, counsel for Star Equity Fund gave notice ("Notice of Suit") to potential class members, stockholders of the Issuer who purchased or acquired common stock of the Issuer between January 1, 2021 and November 14, 2023, of the filing of securities class claims, and other claims against the Issuer in the District of Maryland (Star Equity Fund, LP v. Firsthand Capital Management, Inc., et al., No. 1:25-cv-00677-SAG) (the "Firsthand Action"). The Notice of Suit is attached hereto as Exhibit 99.8 and is incorporated by reference. On February 28, 2025, Star Equity Fund filed a complaint in the Firsthand Action (the "Complaint") seeking money damages and injunctive relief against the Issuer; Firsthand Capital Management Inc., the Issuer's investment advisor; Scalar LLC, the Issuer's valuation consultant; and certain of the Issuer's officers and directors, Kevin Landis, Nicholas Petredis, Greg Burglin, Kimun Lee, Rodney Yee and Omar Billawala (the "Firsthand Defendants") alleging, among other things, that the Firsthand Defendants, as the managers and/or service providers of the Issuer, violated their fiduciary duties and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Firsthand Action alleges and seeks redress against the Firsthand Defendants for, among other things, hiding certain investment losses and publishing fraudulently inflated net asset values based on facially implausible valuations of certain of the Issuer's investments. On March 8, 2025 certain of the Firsthand Defendants accepted service, but as of the date hereof, not all of the Firsthand Defendants have accepted service of the Complaint. Please reference the Firsthand Action Complaint filed with the District of Maryland in its entirety for complete information regarding the claims and allegations set forth therein. While certain aspects of the Firsthand Action remain under seal, a redacted version of the Firsthand Complaint has been made available on the public docket.

Item 7 is hereby amended to add the following: 99.8 Notice to Potential Class Members of Action against Issuer

Firsthand Technology Value Fund, Inc. — Schedule 13D | 13D Filings